Compare quick car loans

Have a need for speed? How to secure financing in just a few days.

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

If you’re on a time crunch and looking to get approved for a car loan fast, applying through an online lender is likely your best bet. Many can process your application within a few hours. And if approved, you may even be able to get your loan funded within a few days. However, you’ll still want to slow down and compare your options before committing to a lender.

Our top pick: Car Loans

  • Min. Credit Score Required: 300
  • APR: Varies by network lender
  • Requirements: Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
  • Easy online application
  • Fast response time
  • Bad credit, no credit OK

Our top pick: Car Loans

Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.

  • Min. Credit Score Required: 300
  • Requirements: Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.

How fast are quick car loans?

Rather than a turnaround that takes a week or two to process, a quick car loan only takes a few days after filling out the application to receive your funds. This can be especially helpful when you’re looking to lock in a special promotion at the dealership — having your finances ready to go will give your seller a sense of urgency. Meanwhile, you’ll have an extra tool that can help you negotiate the right price for your car.

Quick car loans are comparable to regular car loans in terms of interest rates, loan terms and how much you can borrow.

Compare quick car loans

Updated October 15th, 2019
Name Product Filter Values Minimum credit score Loan term Requirements
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
Varies by lender
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
Varies by lender
Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
Get connected with an auto lender near you, even if you have bad credit.
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

Compare up to 4 providers

How can I speed up the car loan application process?

From having your documents on hand to having your car picked out before you apply, here are a few tips for speeding up the application process:

  • Compare your loan options first. This will keep you from wasting time and applying for loans you’re not eligible for.
  • Apply for preapproval. This allows you to see what rates and terms you might qualify for before filling out an entire application.
  • Know what you want to buy. If you’ve already picked out a car and can provide the make, model and VIN, your lender will be able to process your application much faster. Most don’t require this for preapproval, but already knowing it means you won’t have to spend time shopping after you’re preapproved.
  • Have your documents ready to go. Once you know what documents your lender requires — usually proof of income, employment and citizenship — you can have them on hand to make entering the required information easier.

Can preapproval help me get my car faster?

Yes. When you apply for preapproval, you’ll receive a ballpark estimate of how much you can borrow as well as what rates and terms you might qualify for. The form usually only takes 10 or 15 minutes to fill out, and you typically receive a response within a few minutes. Most lenders ask you to provide the same information as if you were completing a full application, including details about your income, assets, liabilities and living expenses.

If approved, your lender should give you a buying period to select your car. Most cap it at 30 days, although some offer extended periods. Not only does this make the buying process easier since you’ll have a handy negotiating tool, but it also makes the loan process faster since you’ll only need to submit information about your car in order to complete the full application.

5 pitfalls to avoid with quick car loans

A car loan with a fast turnaround can be handy when you’re in a pinch, but it can come at a cost. Not every lender is legit, and not every loan will be right for you. Here are some pitfalls to avoid when on the hunt for a quick car loan:

  • Same-day guarantees. Few online lenders are able to both approve and fund your loan all in the same day. If you come across lenders offering same-day guarantees, it may be a sign of a car loan scam.
  • Taking on too much debt. It’s handy to be preapproved for a car loan before you shop, but you’ll still want to build a budget and calculate potential monthly payments to avoid overspending. Most experts recommend dedicating no more than 15% of your budget to car costs, including loan repayments, maintenance costs and insurance premiums.
  • Applying for multiple loans. Applying for preapproval generally won’t impact your credit score since lenders only do a soft pull. But processing a full application requires lenders to do a hard credit pull, which can lower your score. Applying for too many loans can cause your number to drop even more.
  • Not working out the full cost. Don’t be fooled by low rates or fees. Calculate the total cost of a loan before comparing it with other options. Loans that have higher fees but slightly lower interest rates can work out cheaper in the long run, but the opposite is also true.
  • Not comparing options. A car loan may be quick, but that doesn’t mean it’s good for you. Compare loans using the guide below to be sure you’re making the right decision.

How can I compare my quick car loan options?

Because quick car loans are the same as standard car loans, you can use the same criteria to compare them as you would any loan. Since not every lender offers the same features, judge each one on an individual basis and weigh which features matter most to you before making a final decision.

  • Funding time. The most important feature of any lender when you’re looking for a quick car loan is its funding time. How long will it take to process your application? How long until you’re able to use your funds to buy a car?
  • Loan amount. How much money will you need to borrow? The loan amount your lender offers may have an impact on the features you can add to your car, and some lenders may not offer larger loan amounts for certain types of vehicles. When you’re looking for a quick car loan, be sure the lender is actually able to fund the loan you need before you apply.
  • Loan terms. Terms generally range from one to seven years for new vehicles, though some lenders offer terms of eight years for larger loan amounts. Used vehicles have similar terms, though the older your chosen car, the shorter your loan term might be.
  • Interest rates. Car loans can come with fixed or variable interest rates. Fixed rates stay the same throughout the life of your loan, while variable rates can fluctuate based on trends in the lending market.
  • Fees. Most lenders charge a few different fees during the borrowing process. Many have origination, application and closing fees, as well as prepayment penalties if you pay back your loan early. Compare APRs to see how fees impact the total cost of your loan.

Bottom line

Many online lenders offer preapproval and funding in as little as a few days. These quick car loans can be helpful when you’re in a pinch and may not cost you more if you have good to excellent credit. But don’t settle for the first offer you find. Even when you’re in a hurry, compare your car loan options first to ensure you’re getting the best deal out there.

Frequently asked questions

Picture: Shutterstock

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site